Minacs and PSGI Enter F&A Services Partnership

NEW YORK, Dec. 14, 2011 /PRNewswire via COMTEX/ -- Aditya Birla Minacs, a global business solutions company (subsidiary of Aditya Birla Nuvo), today announced a new go-to-market alliance with Profit Solutions Group, Inc. (PSGI).

This teaming brings both companies' complementary strengths to optimize their clients' finance and accounting (F&A) operations while reducing back-office overhead by 30-50%. Minacs' wide-ranging client base will now have access to PSGI's onsite expertise in improving chargeback recoveries/deduction processes and reducing dilution. PSGI benefits from Minacs' global end-to-end F&A and IT infrastructure management capabilities.

"We are excited about this new alliance and strongly believe that our joint proposition will be valuable in today's complex business environment. This partnership will enable our clients to benefit from exceptional governance through onsite account management combined with the cost savings and resource availability associated with global delivery," said Sax Krishna, President at Aditya Birla Minacs.

"The teaming of our companies will provide a uniquely seamless approach in end-to-end back office solutions to a wide spectrum of industries, offering robust, deep-rooted chargeback recovery/deduction management results. By utilizing a dedicated Minacs team, our clients can now be the beneficiaries of significant back-office cost optimization and revenue assurance," said Jeffrey Knopman, Cofounder and Principal of Profit Solutions Group, Inc.

About Aditya Birla Minacs

Aditya Birla Minacs is a leading business solutions company that partners with global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare and public sectors. We leverage years of process, domain and technology expertise to deliver superior business value to clients with our seamless Customer Lifecycle, Marketing, Finance and Accounting, Procurement and IT solutions and services. 20,300 Minacs experts across 3 continents and 36 centers spanning Canada, Germany, Hungary, India, Jamaica, Philippines, the UK and USA power our solutions through a global delivery model that helps our clients enhance revenues, profitability and customer service. Visit http://www.minacsblogs.com for more information.

About Profit Solutions Group, Inc.

For 12 years, Profit Solutions Group, Inc. (PSGI) has helped companies cope with various classifications of chargebacks and deductions, managing several billion dollars in receivables on behalf of their clients. PSGI has been instrumental in significantly decreasing the dilution/loss rates of their clients, increasing their clients' ability to grow their businesses through additional credit lines and working capital. Visit http://www.profitsolutionsgroup.com for more information.

Safe Harbor

Certain statements here concerning our future prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the regulators in India and to our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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SOURCE Aditya Birla Minacs

For more information and details call Profit Solutions Group, Inc. at (212) 779-0907. Profit Solutions Group, Inc. is located at 1120 Avenue of the Americas, 4th Floor, New York, NY 10036